He probably is and a financial genius. Otherwise how could he become a multi-billionaire yet losing money every year?
%% A funny news story about Buffet. I was watching CNBC= back in the old days when i did that LOL-LOL. Mr Buffet was actually jealous of the hedge funds that could enter+ exit easy, because of thier smaller size. That maybe led to his wager one hedge fund could not beat the benchmark?? But like he says, in that link ''having more fun than any 88 year in the world '' Sounds like he chopped of the latter years when he figures on his fund/fun LOL=,.Interesting, he is now a'' tiny'' bit more bullish on his fund than S&P 500/SPY. He has done so badly last 2 year ; most likely Mr Buffet is right. Not a prediction, or jealous of the hedge funds that outperform him.